IRGC says two oil tankers were blown up after attempting to transit the southern route in the Strait of Hormuz

IRGC says two oil tankers were blown up after attempting to transit the southern route in the Strait of Hormuz.

The reported explosion of two oil tankers in the Strait of Hormuz by the IRGC heightens tensions in a crucial transit route for global oil supply. This incident could lead to immediate concerns about regional stability and potential supply disruptions, which often drive up prices in the energy sector, particularly WTI. Traders should monitor the developments closely, as any escalation could have lasting impacts on oil markets and risk sentiment globally.